Generation X is a family value audience and go out with parents, grandparents etc. Even local radio stations can be used to spread the news of your launch and location with little details.
Property prices have seen an upsurge in the recent past particularly in the commercial areas and are still increasing thus creating hurdles for new investors and even for the already existing ones.
Comprehensive market research gives way to quick breakeven. Rent an outlet For starting a mid-range fast food restaurant, you will require an area of at least square feet regardless of its location.
This is not meant to discourage you from your business aspirations but to warn you of the complexities of a seemingly simple market.
You may even consider renovating the existing restaurant or open a new restaurant to a more posh area where you will cater to the needs of a different customer group. Instead of getting licenses from international chains like KFC, McDonald, Subway etc, one should take an initiative of introducing a similar Pakistani brand complying with the international standards and start establishing its franchises throughout the country.
They have good values but have popular themes with formal atmosphere and large meat cuts of better quality. Although Pakistan is considered to be a dawdler in technology and various other sectors, but one cannot deny the exceptional growth and the potential that fast food industry inherits in Pakistan.
But you will also have to consider the power of print media, television and internet-based marketing. Family style restaurants on the other hand are oriented just towards families.
It is simply because they need to eat. Markets change and so the needs so this step is important for sustainability! Threats your business is liable to face With the rising number of people becoming aware of the harmful effects of fast food can lead to a time when there will be no one looking for fast foods that can be gulped in within a short while.
Recent statistics have revealed that fast food industry is the second largest in Pakistan, with approximately million consumers.
With the growth of students pursuing higher studies and others being engrossed in their nine to five schedules, there is hardly any time left to cook. If you are unable to put in all the money you need, you can seek aid of the various financial institutions, banks and government programs.
Lastly, pizzerias are the most common ones and include variety of pizzas, desserts, salad bars, spaghetti, rolls, ravioli, lasagna, other side dishes etc too.
If the quality standards are not met, then it becomes very difficult to even survive in the market as most of the people now place quality above quantity.
The understanding of wages per hour and child labor laws is also important to be known here. Fast food consumption has increased radically.A study on fast food consumption trends in Pakistan published in the European Journal of Economics, Finance and Administrative Science; Issue 48 () confirms this assertion.
FUTURE: Future of fast food in Pakistan is very bright. Quality of foods is the priority of majority of populations. Now many of the organizations provide their quality products to their customers through opening their franchises in multi areas.
Business Plan for a Fast Food Outlet Authors: Babar Malik and Farooque MalikFast Food Outlet – Business PlanThis is a business plan for a fast food outlet in Islamabad that will serve Pakistani Fast Food to middleincome groups.
Executive Summary Service fast restaurant (SFR) is a privately owned fast food outlet that will be positioned at Banani Model Town in Dhaka city through our creative approach to the company's image and detail presentation.
Legal Requirements to Start a Fast Food Restaurant in Pakistan Legal Requirements The Pakistan Hotels and Restaurant Acts Act is the law which requires the owners of all types of restaurants to register and obtain a license with the government. Reportedly, fast food industry in Pakistan is still in its ‘infancy’, as quoted by McDonalds Pakistan’s Country Director.
Moreover, recent statistics also demonstrate that growth in fast food in augmenting 20% annually, which implies that this is one the fastest growing businesses in Pakistan.Download